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Attachments: Monarch's Journal of 2008 Trades
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Monarch's Journal of 2008 Trades

Very impressive trades there, I remember you taking most of them and was in part of them with you.

Of your total 28 trades taken you Won 18 of them and your loss was 10, I counted your 0 pips as wins.

Your total pips won were far greater then the losses, and your total net is great pips with +358.

With this type of ratio, and money management your account is growing.

This week coming will be extremely exciting, we will be watching for some good Shorts on the pullback of a big bull week, this will allow us some good entries on the EJ 5 Min setup.

Good Job bro.

Ken
This week we have been trading against the trend and surprisingly
still making good amount of money....

best thing is no floating loses in account...
A very predictable market move once the market opened up at the near recent high on Friday.

I took some shorts and overall cleared about +70 pips there in an hour or so.

Just letting it take the channel bounce for now.

Good job Group Traders, many of you cleared nice profits last week, and a few already today.

Expecting some setups this week, with a possible pullback on the daily chart after 5 consecutive Bull candles.

Let's see where it takes us folks.

Cheers,

Ken

Note: The SKYPE chat room is nearly full at this time, I will only be allowing a few more in, from that point, I will have a waiting list.
Hey Monarch,

Wasn't sure how to get in the chat room, so I PM'd you since it said to send you a private message on a previous post.
  • Post #645
  • Quote
  • Edited Apr 22, 2008 7:13pm Apr 21, 2008 10:51pm | Edited Apr 22, 2008 7:13pm
After seeing a period of consolidation from last Friday, we seen a little move above the 164.66 resistance that stalled, the price shot to the low support at 164.84 and spiked below it also.

I traded Phase 1-4 on the short setup and had many entries overall.

I took proift of +295 pips in One Hour of trading the setup.

There was others also in the chat group making clear profits this past hour.

Another great Asia Session.

Will be watching for the next few hour to see if there is a response to the low move.

Ken
Hi Monarch,
I have just come accross your informative thread. I am in the U.K. so the Asian session is either very early or very late for me.

A couple of questions, if I may.

Do you now only trade the Asian session, or do you trade late NY or early European?

If I understand correctly, you trade your 5 min 3/4 ma method in the direction of the trend. What do you use to determine the trend for the 5 Min?
Do you use longer TF charts (if so which TF and roughly how many candles per shart.
Or do you use a MA for example the 5 min 144 lwma?

Thanks,
Ian
I think its not only the trend, but the initial direction of the big movement.

Lets say it move DOWN for 70 pip ++ then retrace 30+ pip so we enter short.
wise Versa.
This week tally...........

100 pip ............. 100% profit trades......

Thank you Monarch.
Very good results, was some great trades this week once again.

Your understanding of price action is coming along great, keep up the good work.

CHEERS,

Ken
Okay Folks, it was a predictable week with the bulls stalling on the top of the range and a predicted move down, I had marked 161 area, but it has not come that far just yet.

I had another good week with not so many trades as last week, but still cleared a lot of profits.

I actually quit counting the exact amount of trades I take, and the amount of pips overall, and I do not mention every trade I take in the chat room, but just off the top of my head I can easily say I cleared no less then 600 pips once again this week, with over 200 last night.

EJ has become a favorite pair for me, and I am really starting to enjoy trading more then just my normal setup.

I hope everyone has a great weekend, get some rest and will be back at it again soon enough.


CHEERS

Ken
Hi Monarch,

I'm interested in your skype room but don’t have enough posts to pm you. Could you please pm me instead? Thanks a lot!

Lena
Quoting ianf0ster
Hi Monarch,
I have just come accross your informative thread. I am in the U.K. so the Asian session is either very early or very late for me.

A couple of questions, if I may.

Do you now only trade the Asian session, or do you trade late NY or early European?

If I understand correctly, you trade your 5 min 3/4 ma method in the direction of the trend. What do you use to determine the trend for the 5 Min?
Do you use longer TF charts (if so which TF and roughly how many candles per shart.
Or do you use a MA for example the 5 min 144 lwma?

Thanks,
Ian
I do trade the ASIA everyday and been trading FRANK/LONDON one to two times per week, that time usually digs into my sleeping time.

I use the 5min as the primary entry/exit on the trend based on the Hourly chart, but I also watch the 4hr,Daily,Weekly to get a good idea of what is happening overall.

Even though the EJ had been in a strong bullish move for the past month, there are still great opportunities to get shorts and make profits, I guess you could, and I do use only the 5min trend most times, because there is so much swing in the pair that allows for easy trades almost all the time.

I prefer trading with the 50ema over/under the 144lwma on the HOURLY, that seems to help decide if I want to trade the swings from the 5min.

There is much more to the strategy then what I have posted or described either here or on the Chat Room, but I have tried to give as much simplicity to the concept as possible, but it really has many facets to consider before making a trade.

Cheers.

Ken
Hi Monarch,

Could you please forward to me your skype info.I would like to trade the asian session with you.

Best wishes
Quoting oztrader
Hi Monarch,

Could you please forward to me your skype info.I would like to trade the asian session with you.

Best wishes
monarch please do the same with me, your skype info would be much appreciated thanks
today trade was very good, eventhough I was shorting the whole time.
( asian session which was a bull market )
my buy limit orders were missed by few pips, Green pips is always Good

4 trade
+11
+0
+16
+13

total 40 pip nett..
Quoting Syafi
today trade was very good, eventhough I was shorting the whole time.
my buy limit orders were missed by few pips, Green pips is always Good

4 trade
+11
+0
+16
+13

total 40 pip nett..
Great Job Bro.

Keep up the good trades

Cheers

ken
Lost time no speak monarch!

Dude, this Journal is awesome, good to see your doing well as ever, are you trading full time now?

I've had a few months off, as you know i was just demo before, and will be starting again, see if i can get a few more pips this time!
Quoting Kwackers
Lost time no speak monarch!

Dude, this Journal is awesome, good to see your doing well as ever, are you trading full time now?

I've had a few months off, as you know i was just demo before, and will be starting again, see if i can get a few more pips this time!
It has been sometime since we have spoken.

This journal has had a few different ideas from its beginning, and I am not posting the setup or trades as much, with the Chat Group, we discuss more in detail at times, but a good place to ask others who have great trading strategies and ideas.

cheers,

Ken
Well it seems our little thread has died off. I would guess that is because we are constantly on the chat room now.

Anyways I thought I would update my last weeks trade and this weeks thus far.

Last week was a little slow but good I totaled around +170 pips. Grew my account a little over 1% so no complaints.

This week however is a very different story!

Yesterday I made +145 pips

Today I have made +270 pips

Well hope all are liking the chat room! I sure love it! Thanks M

Big Pippin
Quoting Big Pippin'
Well it seems our little thread has died off. I would guess that is because we are constantly on the chat room now.

Anyways I thought I would update my last weeks trade and this weeks thus far.

Last week was a little slow but good I totaled around +170 pips. Grew my account a little over 1% so no complaints.

This week however is a very different story!

Yesterday I made +145 pips

Today I have made +270 pips

Well hope all are liking the chat room! I sure love it! Thanks M

Big Pippin
I am interested in seeing what is going on inside the chat room. Looks like good stuff. But when I PM monarch, I got

monarch has exceeded their stored private messages quota and can not accept further messages until they clear some space.

So can anyone tell me how to get added to the chat room or pass this message along to monarch?
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